Apple reveals budget phone amid economic angst
Business Posted Apple released a smaller iPhone priced at $399, cutting the starting price for the company's smartphone line in a move to broaden its appeal to budget-conscious customers as the coron ...
‘Great lockdown’ to shrink global economy by 3% – IMF
Business Posted The IMF says global lockdowns will see the global economy contract 3% this year, but warns the damage could yet be much worse. Julian Satterthwaite reports. Featured Breakingviews ...
Louis Vuitton ditches high end fashion for face masks
Business Posted Luxury goods maker Louis Vuitton has transformed five factory floors in France used to make its marquee leather bags into face-mask producing operations. Conway G. Gittens reports. ...
OPEC, Russia approve biggest ever oil cut
Business Posted OPEC and allies led by Russia agreed on Sunday to cut oil output by a record amount - representing around 10% of global supply - to support oil prices amid the coronavirus pandemic, a ...
China opposes U.S. action against China Telecom
Business Posted China's foreign ministry said on Friday that Beijing is opposed to any action by the United States to revoke China Telecom Corp's authorisation to provide international telecommunicat ...
Saudi, Russia agree to record oil cut
Business Posted OPEC and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort ...